Aramco, Linde, and SLB have signed a shareholders’ agreement to develop one of the world’s largest Carbon Capture and Storage (CCS) hubs in Jubail, Saudi Arabia.
Aramco will hold a 60 per cent stake, with Linde and SLB each owning 20 per cent.
The project aims to capture nine million tons of CO2 annually, supporting Aramco’s net-zero emissions goal by 2050.